RTTN: Euro Slides To Fresh 3-week Low Against Australian Dollar
Euro Slides To Fresh 3-week Low Against Australian Dollar
The euro extended previous session's downtrend against the Australian dollar on Thursday morning in New York, falling below 1.25 for the first time since October 2.
The triangle formation has broken in the 120-minute of the EUR/AUD pair and it has already crossed the demand zone of 1.2660/40 area. The next barrier for the cross is visible around the 1.2435/40 area.
